Investing.com - Skechers reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Skechers announced earnings per share of $0.64 on revenue of $1.88. Analysts polled by Investing.com anticipated EPS of $0.73 on revenue of $1.81B.
Skechers shares are down 37% from the beginning of the year and are trading at $32.14 , down-from-52-week-high.
Skechers shares lost 10.55% in after-hours trade the report.
Skechers follows other major Consumer Discretionary sector earnings this month
Skechers's report follows an earnings beat by Tesla on October 19, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on September 29 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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